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2020 (1) TMI 1457 - AT - Insolvency and BankruptcySeeking extension of period of CIRP process beyond 330 days, although the RP was requesting just 15-20 days to complete the voting as two Resolution Plans had been received - HELD THAT:- Considering the facts of the present matter and the reasons for the delay in the present matter as stated in the Appeal, we find that in the interest of justice and to give one last opportunity to the Resolution Professional to see if resolution becomes possible, it appears to us that grating of short period for completing the Insolvency Resolution Process is necessary. There are substance in the submissions made by learned Counsel for Appellant. The matter is remitted back. The Appellant - Resolution Professional will ensure that the Resolution Plan as already filed and placed before COC is urgently looked into and request the COC to urgently take decision one way or the other. For this purpose, time is given till 6th February, 2020 - Appeal allowed.
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